F&C Asset Management today said funds under management fell in the third quarter and that the withdrawal of assets, which started at the end of last year, would continue until December as Dutch institutions pull more money out.

The company said assets in the three months to September 30 fell from £107bn (€159bn) to £105.8bn, a 1.1% drop, although the decline was slower than in the second quarter, when the drop was 5%.